How To Register Foreign Entity In Texas
It has been the practice of the texas department of insurance to refuse a non resident agency license for a foreign entity unless the entity has registered with the secretary of state.
How to register foreign entity in texas. An application for registration formerly called a certificate of authority is filed by a foreign corporation limited liability company limited partnership limited liability partnership professional association or other foreign entity as listed in section 9 001 of the texas business organizations code when the entity will be transacting business in texas. You can download a copy of the application form from the sos website. Hb 2503 passed in the 2011 legislative session removes this requirement effective 09 01 2011. This process is called foreign qualification and it involves filing application for registration form with the texas secretary of state. Instead the texas secretary of state considers such entities foreign entities and subjects them to additional registration requirements under texas law.
The banking commissioner has the authority to issue a letter of no objection for use of these words or terms. Registering your company as foreign entity in texas if your company is registered outside of texas it is required to obtain a certificate of authority before transacting business in the state. If you are considering foreign entity registration for your business it is important to know exactly what it is how your business. Boc 9 004. In most states registration requires disclosure of the company name state of incorporation organization and the name and address of the registered agent in the state for which the application is being made.
Under the provisions of sections 31 005 and 181 004 a of the texas finance code the name of a domestic or foreign entity is prohibited from containing certain words in its title. A texas business lawyer can assist you through the process of foreign business registration in texas and help you obtain a certificate of authority to conduct business in texas. A foreign entity registering under a fictitious name must file assumed name certificates with the secretary of state form 503 word 125kb pdf 74kb and the appropriate county or counties. To the extent such entities transact business in texas they must register as a foreign entity with the texas secretary of state. Foreign entity registration is confusing for many people at first.
This is because although the term includes the word foreign it does not really have anything to do with conducting business in other countries. To register your business in texas you must file an application for registration of a foreign limited liability company with the texas secretary of state sos.